Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. On the following graph, plot the three SRATC curves for Scooter's Scooters from the previous table. Specifically, use the green points (trianglesymbol) to plot its SRATC curve if it operates one factory (SRATC1); use the purple points (diamond symbol) to plot its SRATC curve if it operates twofactories (SRATC₂); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC3). Finally, plot the long-run average total cost (LRATC) curve for Scooter's Scooters using the blue points (circle symbol).Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.?AVERAGE TOTAL COST (Dollars per scooter)8007206405604504003202401606000100200300 400QUANTITY (Scooters)500 600700ASRATC,4SRATC₂-0-SRATC-O-LRATC 5. Costs in the short run versus in the long runScooter's Scooters is a large American manufacturer of electric scooters operating out of Boise. Currently, the company produces all of its scootersusing a single manufacturing facility, its factory in town. Recently, management has been considering expanding operations to one or two additionalfactories. The following table presents the manufacturer's monthly short-run average total cost (SRATC) for various levels of production if it operatesout of one, two, or three factories. (Note: Q equals the total quantity of scooters produced by all factories.)Number of Factories Q = 100 Q = 200144028026203803800480Average Total Cost(Dollars per scooter)Q = 300 Q = 400240320240240320240Q = 500480380280Q=600ВОО620440per scooter.Suppose Scooter's Scooters is currently producing 100 scooters per month in its only factory. Its short-run average total cost is sSuppose Scooter's Scooters is expecting to produce 100 scooters per month for several years. In this case, in the long run, it would choose to producescooters using

The manufacturing company Scooter is using a single manufacturing facility to produce all its…

Scooter's Scooters is a large American manufacturer of electric scooters operating out of Boise. Currently, the company produces all of its scooters using a single manufacturing facility, its factory in town. Recently, management has been considering expanding operations to one or two additional factories. The following table presents the manufacturer's monthly short-run average total cost (SRATC) for various levels of production if it operates out of one, two, or three factories. (Note: Q equals the total quantity of scooters produced by all factories.) Number of Factories Q 100 Q=200 1 280 2 380 3 480 440 620 800 Average Total Cost (Dollars per scooter) Q = 300 Q = 400 240 320 240 240 320 240 Q500 460 380 280 Q = 600 800 620 440 Suppose Scooter's Scooters is currently producing 100 scooters per month in its only factory. Its short-run average total cost is s per scooter. Suppose Scooter's Scooters is expecting to produce 100 scooters per month for several years. In this case, in the long run, it would choose to produce scooters using

Scooter's Scooters is a large American manufacturer of electric scooters operating out of Boise. Currently, the company produces all of its scooters using a single manufacturing facility, its factory in town. Recently, management has been considering expanding operations to one or two additional factories. The following table presents the manufacturer's monthly short-run average total cost (SRATC) for various levels of production if it operates out of one, two, or three factories. (Note: Q equals the total quantity of scooters produced by all factories.) Number of Factories Q 100 Q=200 1 280 2 380 3 480 440 620 800 Average Total Cost (Dollars per scooter) Q = 300 Q = 400 240 320 240 240 320 240 Q500 460 380 280 Q = 600 800 620 440 Suppose Scooter's Scooters is currently producing 100 scooters per month in its only factory. Its short-run average total cost is s per scooter. Suppose Scooter's Scooters is expecting to produce 100 scooters per month for several years. In this case, in the long run, it would choose to produce scooters using

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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